Monday, 14 November 2011

Outcome of Nifty & Bank Nifty for 14th Nov


Nifty Future mentioned immediate resistance at 5223 and if crosses with volume then we may expect nifty towards 5263 zone. The mentioned immediate support was 5155. Verify it opened above 5223 and tried to move towards the resistance of 5263 and finally failed and in no time, crashed to the support zone in intraday panic making a low of 5148 just a few points below 5155.
Bank Nifty Future mentioned immediate resistance comes at 9325-9348 and cross over above with volume may rush towards 9479. Verify it opened above 9400 got resisted exactly near 9479 making a high of 9475 for the day and crashed near the precise support of 9254 making a low of 9255 for the day.

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